Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$790,000
Office buildings
2740 Washington Dr Norman, OK 73069-1000
Entity Owned
2-yr Hold
Free & Clear
Property ID
US69-0468060
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2014
Construction
WOOD FRAME
Total area
5,665 SF
Lot
0.92 ac (40,075 SF)
APN
NC29FRBP1 1 3001
UPID
US69-0468060
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Stephens Land Services, Inc. General Contractor
-
The Business Development Center Social Service Agency Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$790k
Comparable Approach
Comparable
$850k
Blend (final)
Blend
$790k
Owner & transaction history
Great Plains II LLC · 2 yrs held
Great Plains II LLC
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.2M
+31.2%
Medical building
$1.1M
+23.4%
Commercial (general)
$975,000
+7.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Norman submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norman submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$855,000
6.5%
$790,000
7%
$730,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$905,000
Current use
RETAIL STORES
$1,190,000
Change: +31% · Conversion: Moderate
MEDICAL BUILDING
$1,120,000
Change: +23% · Conversion: Easy
COMMERCIAL (GENERAL)
$975,000
Change: +7% · Conversion: Easy
AUTO REPAIR, GARAGE
$930,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$790k
Range $711k – $869k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$139 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$17,997
Tax year 2023
Assessed value
$149,871
Assessed 2023
Previous assessed
$149,871
+0.0% YoY
Effective rate
12.01%
On assessed value
Assessed land
$59,594
Assessed improvement
$90,277
Land market value
$561,050
Improvement market value
$849,915
Total market value
$1,410,965
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2014
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
2
Total area
5,665 SF
Lot
0.92 ac (40,075 SF)
APN
NC29FRBP1 1 3001
UPID
US69-0468060
Jurisdiction
CLEVELAND
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$905,000
RETAIL STORES
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$975,000
AUTO REPAIR, GARAGE
Est. value
$930,000
OFFICE BUILDING Current
RETAIL STORES
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2014
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
2
Lot
0.92 ac
Current owner
From public records · entity-resolved
Great Plains II LLC
Entity
Free & Clear · 2 yrs held
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2024
—
Great Plains II LLC
Stephens Capital LLC
Lease
—
Dec 21, 2018
$1,027,500
Stephens Capital LLC
Palladio LLC
Warranty Deed
related
$821,710 · Exchange Bk
Dec 21, 2018
$949,000
4217 Land Group LLC
Landmark-franklin LLC
Grant Deed
related
$759,080 · Arvest Mtg
Dec 21, 2018
$118,000
Landmark-franklin LLC
Franklin Business Park LLC
Warranty Deed
related
—
Apr 20, 2018
$173,500
Norman Board Of Realtors INC
Franklin Business Park LLC
Warranty Deed
$587,000 · Republic Bk&tr
Dec 4, 2017
—
Palladio LLC
—
Deed
related
$262,461 · Citizens Bk/edmond
Mar 4, 2014
$131,500
Palladio LLC
Franklin Business Park LLC
Warranty Deed
$695,000 · Citizens Bk/edmond
—
—
Palladio LLC
—
Loan Modification
related
$262,461 · Citizens Bk/edmond
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2740 Washington Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
